5 Must-Watch Earnings Reports

2. The TJX Companies, Inc. (NYSE: TJX)

Number of Hedge Fund Holders: 56

The TJX Companies, Inc. (NYSE: TJX), founded in 1987, is a leading off-price retailer operating more than 4,500 stores across nine countries. The company purchases liquidated merchandise from struggling vendors at low prices and pass the savings on to its consumers. In addition, it regularly refreshes its inventories to stay competitive. TJX also has a dedicated team of buyers who help the company in finding the right fashions.

TJX shares have been trading higher since reporting its financial results for the second quarter. The off-price retailer posted earnings of 64 cents per share for the quarter, compared to a loss of 18 cents per share in the same period last year.

Total sales for the quarter jumped 81 percent on a year-over-year basis to $12.08 billion. The results exceeded analysts’ average estimate of 59 cents per share for earnings and $11 billion for revenue. TJX said that store closures in the quarter hurt its total revenue by $300 million to $350 million.